The new Law, which allows Precious Metals payment, requires businesses and service providers accepting such payment to demonstrate that they can verify the coinage they accept and validate the change (in metals) they provide. 7DF Mint has put together a kit which meets the validation criteria. The kit provides several small apparatuses, which can quickly improve the coinage verification process.
All coinage (defined as Sovereign coins, industry Rounds and Tokens, and Bullion Bars) must bear weight and purity (Fineness) on their surface. In Florida, Silver must be of .999 Fineness and Gold at least .995 Fineness to be acceptable.
There are multiple advantages for businesses and professional practices to accept Precious Metals payments.
There are a multitude of advantages for both Patrons and QVs alike. Real Coinage… Not fiat Money… That’s Our Goal!
Order your Validation and Verification Kit today, complete with Point-of-Sale signage informing your customers that you’re providing a service that your competition is not.
For additional information, feel free to contact your 7DF Mint Support Team at 800.334.3442.